Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lira is weaker as USD gains ground against EUR. USD/TRY trades at 1.5580 from 1.5530 Friday. Bonds are also weaker ahead of a six-month, discount, reference bond auction Monday. The benchmark Jan. 25, 2012 bond trades at 8.49% from 8.45% Friday. Analysts forecast TRY to trade between 1.54501.5680the benchmark bond to trade between 8.40%8.55%, in the short term.
(SB-SB-ENG)